Russia: UMMC signs debut EUR 100-million PXF syndicated loan

Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals, has signed a debut EUR 100-million syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC Rosbank and Societe Generale. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agent…


Russia: RUSAL and the Ministry of Health announce completion of the vaccination against Ebola

UC RUSAL together with the Ministry of Health of the Russian Federation, announced the completion of the vaccination against the Ebola virus in the Republic of Guinea. Two thousand people have received the GamEvac-Combi vaccines during the testing program conducted in Guinea at the Scientific Diagnostic Center for Epidemiology and Microbiology (SDCEM). The center was…


Russia: copper exports up in January-November 2018

In January-November 2019 Russia exported 758.5 thousand tons of primary copper valued at $4830 million, up by 12.7% and by 19.3% YoY respectively.

In November 2018 the price of primary copper was $5957 per ton, down by 9.2% YoY.

The price of copper wire rod (wire) was $6083 per ton. (Ukrainian metal)

Russia: Mechel launches steel trade online store

Mechel reports launching an online store to market the company’s rolls. Mechel Service LLC’s online store offers a wide range of rolls, including over 40,000 articles in 49 categories such as flat and section rolls, pipes, hot- and cold-rolled products, hardware, stainless rolls and others. The store’s website is The website also shows updated…


Russia: MMK output down in Q4 2018

The steel output of Magnitogorsk Iron and Steel Works (MMK) fell by 7.8% QoQ, to 3.112 million tons in October-December 2018, the company said in a statement. Cast iron output decreased by 2.4%, to 2.558 million tons. In 2018, the company’s steel output went down by 1.5%, to 12.664 million tons, and cast iron output…


Ukraine: scrap prices to drop in February 2019

The state enterprise Ukrpromvneshexpertisa forecasts that in February ferrous scrap metal prices on the local market will drop by 3.4-16%, to 5.7-7.9 thousand UAH per ton. Until mid-February some drastic change of price is not expected, as rolled metal manufacturers will only begin testing opportunities to raise prices for their products. In March the increase…


Ukraine: ZZhRK output up in 2018

In 2018 Zaporozhye Iron Ore Complex increased iron ore output by 1.2% YoY, to 4.5 million tons.

In December 2018 the company manufactured 380 thousand tons of ore.

Annual plan was fully met.

The same results were reached in 2017. (Ukrainian metal)